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To: E. Pluribus Unum
The question was impossible to answer, since you did not answer mine.

intr.v. plum·met·ed, plum·met·ing, plum·mets
To fall straight down; plunge.
To decline suddenly and steeply: Stock prices plummeted.

Stocks are not plummeting when the S&P 500 drops 2% over 3 days (1% over 5 days). Those are mild pullbacks, not even a correction yet. That index is up about 29% or so for the last 12 months. If you invested then you are still up 29% instead of 31%.

76 posted on 01/30/2004 9:21:34 AM PST by af_vet_1981
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To: af_vet_1981
We are making progress here. You know the difference between a question and an opinion.

No we are not. You still don't know how to answer one.

78 posted on 01/30/2004 9:32:11 AM PST by E. Pluribus Unum (Drug prohibition laws help fund terrorism.)
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To: af_vet_1981
I've been an investor since 1975. Not only are you correct (market is having a snit due to the Fed's omission of *considerable time* and GDP being under *expectations* by one-half of one percent), but the market has come too far, too fast. A 10% pull back over a moderate amount of time wouldn't be a huge deal, IMO.


Traders are sorta like the *pure conservatives* and they get to vote 5 days every week.

Also, have you noticed the sudden number of articles telling us the market is better under Dems, the market is less volatile under Dems and *people feel* the Dems are better for the economy?
102 posted on 01/30/2004 2:08:31 PM PST by reformedliberal
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